I know Ampleforth (AMPL) has been a hot topic for a while and last week AMPL took off and then came back down.
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So it had this typical "DeFi Moon" moment. I felt like I missed the train and it is too late to jump in so I never touched it because I thought it would be like COMP or everything else that goes up crazy and that's the end of it normally.
But I kept monitoring this number 👇 and I thought it would go down to 0% in no time...
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But it doesn't seem to go down. So decided to zap into the pool.
BTW, Pools.fyi is a good tool to check on liquidity pools like this 👇
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Pools covers pretty much everything like balancer stuff, curve stuff and Uniswap and shows ROI history, what is stable, what is incentivized and all that good stuff is all in here.
If you find a pool that you like, click on the pool and "Your Shares", you can add/remove liquidity here.
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These are actually just links so if you click them, they will redirect you to the actual page like Uniswap and you have to add liquidity from there.
Invest into liquidity pool
Adding liquidity is a very complicated process. You need a PhD in serious math and mad science and it also requires 5 year industry experience.
There is a lot going on and it makes me tired just thinking about it.
I think of it like baking. Equal parts ETH and AMPL and put them in to a mixing bowl and shake shake few times.
You will get this delicious trading shares at the end... fingers crossed.
The most important key ingredient is the "EQUAL PARTS".
If you have 1 ETH budget and want to join the pool, you have to prepare
- half a cup of ETH which is 0.5 ETH
- half a cup of AMPL which is about 64 AMPL (~0.5 ETH)
Once you got them ready to go, click "Pool" and "Add Liquidity".
But then who has equal parts of any tokens in your wallet?
If you don't have AMPL, you have to get some AMPL. If you swap tokens to get AMPL, you need to pay expensive fees. If this is your first time, you need to unlock tokens. And how much AMPL is the equal amount ETH you have?
It is just way too much work and this is why you need PhD in everything. If you do this process good for you. I never pool this way because...
There is an app for that
Zapper.fi is a great tool. Just go there and connect your wallet and you are ready to go.
Adding liquidity is so easy. Click "Invest" and "Add Liquidity"
Great thing about Zapper.fi is that you don't have worry about equal parts of this token or other token. They will do it for you.
So if you want to invest 1 ETH, zapper.fi will split it in half and make it 50-50 automatically.
You don't have to swap tokens manually or anything. All you have to do is "Confirm".
This will get you zap into the pool in one click. It will save time, money and brain power.
Once you are in, you can check it like this 👇
Since ETH / AMPL pool is an incentivized pool meaning that providing liquidity into this pool will get you extra AMPL rewards.
Just click on "Stake" and "Confirm", you will earn more AMPL.
This is basically same as the Ampleforth Geyser but you don't have to go there to stake AMPL. You can do everything inside Zapper.
If you decide to withdraw, you can zap out in 1 click too. Just click "Withdraw" anytime to take your money out.
My initial investment was $53 two days ago.
Today it is about $65 so I will keep going and HODL it for a while see what is going to happen.
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I checked zapper, but as it turns out, with my small amount of ETH I can't do anything without selling a kidney first so I can pay for the network fees 😂.
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Good thing they let you demo the app, it appears like you have more money. Though probably even with theyr demo and made up money I would still be unable to afford the fees
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how much was the fee???
$4.something using the slowest settings on Metamask. Now that might seem alright, but I'm investing small time, something like $10-15
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It changes all the time. When I did it it was like $2 or $3... I just cancel it when its too expensive. But I guess it has something to do with the BTC, ETH mooning right now?
Yeah I guess so. I remember a couple of weeks ago I could do transactions just fine and pay a fraction of a dollar on fees. The good ol' days
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https://ethgasstation.info/
that gas fee (gwei) was like 100 or 110 yesterday so it came down right now
ahhh the fees!!! you need to brake your tezos before kidney 🤣
😂😂😂 Yeah my fortune of 10 Tezos
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Hello friend @tomoyan, good article.
You can tell that you are promoting a good tool, it is also a very good investment option.
How much is the minimum I need to invest in something like this?
Hi @fucho80 glad you liked my post! Zapper is a great tool if you are interested in liquid pool and there is no minimum amount to invest. You can do big or small its all up to you. But there is a transaction fee you have to pay and that can be expensive. It can be less than $1 or can be $10 it depends on ETH. You can always try it and if it is too expensive, you can cancel it so it doesn't cost you anything to try.
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